STOXX Introduces 3D Printing Index

STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today introduced the STOXX Global 3D Printing Tradable Index. The new index represents 30 companies that generate revenues directly from the 3D printing sector. It is specifically designed to underlie exchange-traded funds and other investable products by adding several tradability features to the index methodology, and will enable investors to participate from the performance of the booming 3D printing sector.
 
“The 3D printing sector is thriving and gathering a lot of attention – many claim it will be the next internet,” said Hartmut Graf, chief executive officer, STOXX Limited. “With the launch of the STOXX Global 3D Printing Tradable Index, we offer market participants an innovative and strictly rules-based tool to participate from the performance of this booming sector. By adding several screens to the methodology, STOXX ensures a comprehensive representation of the sector, as well as maximum tradability of the index.”
 
The index universe for the STOXX Global 3D Printing Tradable Index is defined as all stocks in the STOXX Global Total Market Index, which currently covers 65 countries and over 7,000 securities. To be included in the STOXX Global 3D Printing Tradable Index, companies must pass a set of screens. More than one percent of their revenues must be generated from the 3D printing sector. Companies must have a minimum three-month average daily trading volume (ADTV) of 250,000 Euro and a minimum free-float market capitalization of 80 million Euro. Furthermore, they must be listed in a country that is classified as a developed market according to STOXX’s country classification model. All companies that meet these requirements are ranked by free float market capitalization, and at maximum the largest 30 companies will be selected for inclusion in the index. Currently, the index includes 10 companies that passed all screens.
 
To avoid concentration risk in the STOXX Global 3D Printing Tradable Index, components are equally weighted. It is available in price, net and gross return versions, and calculated in Euro and U.S. Dollars (USD). The index is reviewed annually in September and rebalanced quarterly. Daily history is available back to September 17, 2010.
 
Please see www.stoxx.com for further information.